Question: Given the following conditional value table, determine the appropriate decision assuming that each state of nature has an equal likelihood of occurring: ALTERNATIVES Large plant

Given the following conditional value table, determine the appropriate decision assuming that each state of nature has an equal likelihood of occurring:

ALTERNATIVES Large plant Small plant Overtime Do nothing STATES OF NATURE VERY

ALTERNATIVES Large plant Small plant Overtime Do nothing STATES OF NATURE VERY FAVORABLE AVERAGE UNFAVORABLE MARKET MARKET MARKET $275,000 $100,000 -$150,000 $200,000 $ 60,000 -$10,000 $100,000 $ 40,000 $ 0 0 -$ 1,000 $ 0

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